Section 404A — Income Tax (Earnings and Pensions) Act 2003: Amounts charged to be treated as highest part of total income

Amounts charged to be treated as highest part of total income 404A 1 A payment or other benefit which counts as a person's employment income as a result of section 403 is treated as the highest part of the person's total income.

2 Subsection (1) has effect for all income tax purposes except the purposes of sections 535 to 537 of ITTOIA 2005 (gains from contracts for life insurance etc : top slicing relief).

3 See section 1012 of ITA 2007 (relationship between highest part rules) for the relationship between—

a the rule in subsection (1),

and b other rules requiring particular income to be treated as the highest part of a person's total income.